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Uzbek
The President of Uzbekistan has proposed a new initiative aimed at supporting entrepreneurs in the service sector. The country plans to introduce a new type of lending—”service sector mortgage,” which will provide entrepreneurs with the opportunity to purchase ready-made service and hospitality properties on preferential terms. The pilot project will be launched in the Bukhara region.
The goal of this initiative is to stimulate the development of the service sector in the republic, which, in turn, will create new jobs and improve infrastructure in the regions. As part of this program, special financing will be allocated for the purchase of already constructed facilities such as hotels, restaurants, shopping centers, and other service establishments.
To ensure that entrepreneurs have properties to mortgage, measures have been approved for the development of 62 neighborhoods and 54 streets in the region. These streets and neighborhoods will be specialized in various areas, including food services, healthcare, hospitality, crafts, trade, and service industries. It is planned to create conditions for 4,000 entrepreneurs and to ensure employment for 6,000 residents.
Special attention will be given to the placement of at least five international hotels and a developed network of food service outlets in these areas. This will create comfortable conditions for both local residents and foreign tourists, thereby increasing the region’s attractiveness.
Additionally, the President supported the proposal to simplify land allocation in industrial zones, which will also accelerate the implementation of service sector projects. Each district in the republic will allocate 20 hectares of land for industry and services, which will form the foundation for further economic growth.
The text has been translated by AI. For more accurate information, please refer to the Russian version of the article.
